UPDATE: Argus Upgrades Dow Inc. (DOW) to Buy

Argus analyst Bill Selesky upgraded Dow Inc. (NYSE: DOW) from Hold to Buy with a price target of $69.00.

The analyst comments "We expect Dow to benefit in the near term from stronger pricing for commodity chemicals and increased demand in North America and China, and are significantly boosting our EPS estimates for both 2021 and 2022. We also have a favorable view of Dow's low cost structure, solid cash flow, declining capital spending requirements, and sustainable dividend, with a yield of about 4.6%. Our price target of $69 implies a multiple of 11.5-times our 2022 EPS estimate and a total potential return, including the dividend, of 16% from current levels."

For an analyst ratings summary and ratings history on Dow Inc. click here. For more ratings news on Dow Inc. click here.

Shares of Dow Inc. closed at $62.50 yesterday.

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